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Southwall Tech reaches 1 of 2 CAPS Milestones today!

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May 30, 2008 – Comments (0)

Southwall Technologies still trading on the Chinese Market KBM Distributor of XIR Film technology news skyrocketed on a mass buying blitz today.  Stock jumps over 22% from $1.40 a share to $1.72 a share (Just below Marvel Entertainment Group's gain for 4th place on the day).  SWTX (Southwall Technologies inc.) has now achieved the minimum share price requirement.  If Southwall Technologies can produce a couple fantastic earnings reports then the Market Cap requirement will be reached in quick fashion.

WIth its current share price at $1.72, the company now has over a 42 million market cap.
SWTX now is the biggest percentage gainer in the Fabricated Plastics and Rubber Sector.

However.... I expect a major decline in the stock price as it is massively overbought with an RSI of 84%!

There's no way based on this insane optimism/speculation in the investor community that SWTX can produce an earnings report that would meet/exceed this insane expectation.  However, the news of Southwall Technologies still remains a good one for a long term investment.

I highly recommend SWTX to any investor with a word of caution on its way overbought status.

If SWTX, however, can maintain a $1.50+ share price then it will keep 1 of the CAPS Trading Milestones intact.

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